To help you understand we have listed the description of commonly available types of insurance, life and general insurance. View to know more!

2. What is Insurance?
 Insurance is a practice or arrangement by
which company or government agency
provides a guarantee of compensation for
specified loss, damage, illness or death in
return for a payment of a premium
 In some sense, it’s a thing providing protection
against a possible eventuality

3. Types of Insurance

4. Life Insurance
 Insurance that pays out a sum of
money either on the death of the
insured person or after a set period
 It is a contract between the policy
holder and an insurer where the
insurer promises to pay a
designated beneficiary a sum of
money upon the death of the
insured person.

5. General Insurance
 General insurance or non-life
insurance policies, including
automobile and homeowners
policies, provide payments depending
on the loss from a particular financial
event
 It is basically an insurance policy that
protects you against losses and
damages other than those covered by
life insurance

6. Thank You